CBRE Freestanding Retail Investments & CBRE Victorian Development Sites is pleased to present for your consideration the ‘Preston Toyota Site’, a land-rich intergenerational investment with unrivalled future development scope in Melbourne’s highly sought after inner north.
The property is best described as follows:
+Strategic 1.48ha* premium gateway corner site
+Triple street frontage to High Street (103m*), Regent Street (99m*) and William Street (25m*)
+Established quality improvements comprising 4,700sqm* motor vehicle showrooms, spare parts showroom/store, service centre, carwash and large hardstand area
+Leased to ASX listed Eagers Automotive (ASX:APE) with a market cap of over $4.2Billion.
+Strong net income of $1,082,345 p.a.* plus 3.5% annual increases
+Priority Development Zone (PDZ) promoting high density development (STCA).
+Positioned within Preston’s activity centre, only 250m* to Regent Train Station, 500m* to Woolworths & 600m* to Preston Market.
For Sale Via International Expressions of Interest Closing Thursday 23rd September 2021 at 2:00PM (AEST)
For further information please contact the exclusive sales and marketing agents at CBRE:
+61 421 224 354
+61 422 564 199
Jing Jun (JJ) Heng 王敬君
+61 411 059 116
Remember to mention you found this property on DevelopmentReady.com.au
Closing Thursday 23rd September 2021 at 2:00PM (AEST)
14815 m² (*approx)
Commercial, Residential, Apartment Sites, Townhouse Sites, Other, Apartment Sites, Townhouse Sites, Other
Priority Development Zone (PDZ) promoting high density development (STCA)
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